Aviso Financial Inc. Has $1.23 Million Stock Position in Parker-Hannifin Corporation $PH

Aviso Financial Inc. increased its position in Parker-Hannifin Corporation (NYSE:PH) by 5.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,754 shares of the industrial products company’s stock after buying an additional 85 shares during the period. Aviso Financial Inc.’s holdings in Parker-Hannifin were worth $1,225,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Insigneo Advisory Services LLC boosted its holdings in Parker-Hannifin by 6.6% in the second quarter. Insigneo Advisory Services LLC now owns 884 shares of the industrial products company’s stock worth $617,000 after acquiring an additional 55 shares in the last quarter. CreativeOne Wealth LLC raised its position in shares of Parker-Hannifin by 14.8% during the second quarter. CreativeOne Wealth LLC now owns 1,386 shares of the industrial products company’s stock worth $968,000 after purchasing an additional 179 shares during the period. Maripau Wealth Management LLC lifted its holdings in shares of Parker-Hannifin by 89.7% in the 2nd quarter. Maripau Wealth Management LLC now owns 924 shares of the industrial products company’s stock worth $645,000 after purchasing an additional 437 shares in the last quarter. Jefferies Financial Group Inc. grew its position in Parker-Hannifin by 17.0% in the 2nd quarter. Jefferies Financial Group Inc. now owns 5,900 shares of the industrial products company’s stock valued at $4,121,000 after purchasing an additional 859 shares during the period. Finally, Global Retirement Partners LLC acquired a new stake in Parker-Hannifin in the 2nd quarter valued at $1,456,000. 82.44% of the stock is owned by institutional investors.

Parker-Hannifin Trading Up 1.5%

Shares of PH stock opened at $852.33 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.19. The company has a market capitalization of $107.55 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 3.21 and a beta of 1.37. Parker-Hannifin Corporation has a 52-week low of $488.45 and a 52-week high of $869.36. The company has a 50-day simple moving average of $777.28 and a two-hundred day simple moving average of $733.18.

Parker-Hannifin (NYSE:PH) last posted its earnings results on Thursday, November 6th. The industrial products company reported $7.22 EPS for the quarter, topping the consensus estimate of $6.62 by $0.60. The firm had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.94 billion. Parker-Hannifin had a net margin of 17.79% and a return on equity of 26.80%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $6.20 EPS. Parker-Hannifin has set its FY 2026 guidance at 29.600-30.400 EPS. FY 2026 guidance at 29.600-30.400 EPS. Research analysts anticipate that Parker-Hannifin Corporation will post 26.71 EPS for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be given a $1.80 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $7.20 annualized dividend and a yield of 0.8%. Parker-Hannifin’s payout ratio is currently 25.65%.

Analysts Set New Price Targets

Several research firms have weighed in on PH. KeyCorp upped their price objective on shares of Parker-Hannifin from $825.00 to $935.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Citigroup boosted their target price on shares of Parker-Hannifin from $831.00 to $874.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Wall Street Zen upgraded shares of Parker-Hannifin from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. Wells Fargo & Company lifted their price target on Parker-Hannifin from $840.00 to $925.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Finally, Barclays boosted their price objective on Parker-Hannifin from $785.00 to $906.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Parker-Hannifin presently has an average rating of “Moderate Buy” and a consensus target price of $860.71.

Insiders Place Their Bets

In other news, VP Rachid Bendali sold 1,437 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $852.99, for a total transaction of $1,225,746.63. Following the completion of the sale, the vice president directly owned 2,714 shares of the company’s stock, valued at $2,315,014.86. This trade represents a 34.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Berend Bracht sold 3,507 shares of Parker-Hannifin stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $864.58, for a total value of $3,032,082.06. Following the sale, the vice president owned 2,580 shares in the company, valued at $2,230,616.40. The trade was a 57.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.32% of the stock is owned by corporate insiders.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.